Data and Indicators
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What’s Behind the Recent Rise in Core Inflation?
As the COVID-19 pandemic disrupted the economy last spring, inflation fell dramatically. One year later, the opposite is occurring with inflation surpassing 3%. Health care and used cars are the main drivers for the recent spike in prices and their increases are expected to be short-lived.
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Privacy Enhancing Technologies: What Are They and Why Do They Matter?
The debate over data collection and use in the United States continues amidst the global COVID-19 pandemic and the associated economic recovery. How can we create products and services that are effective while also minimizing data-related risks such as breach and misuse? Fintech Policy Advisor Kaitlin Asrow discusses the potential and challenges of PETs.
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How Does Wildfire Risk Affect the Economy?
Wildfires affect more than just empty forests and fields. Homes, businesses, and lives can all be damaged by them. And the cost of providing relief and preventing wildfires has long-term financial ramifications. It’s necessary to understand wildfire risk to see how climate change will affect the future of the economy. Our one-minute animated Economic Letter explains.
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Introducing the Investing in the Future of Child Care Steering Committee
Last year, we launched Investing in the Future of Child Care (IFCC) to take a deep dive into the challenges facing the child care market as well as the investments and partnerships needed to support child care providers. As part of our commitment to listen and learn from the communities we serve, we’re excited to introduce the IFCC Steering Committee.
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Weighing the Role of Supply Bottlenecks in Core PCE Inflation
Heightened demand and associated supply bottlenecks related to business disruptions during the pandemic have pushed up prices for some products. Goods prices have been the most directly affected, but they represent a smaller share of total U.S. consumer spending than services, mitigating the overall inflation risk.
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Mothers in a Pandemic Labor Market
COVID-19 disrupted all aspects of life, leading to steep declines in labor force participation across genders, races, and ethnic groups. Mothers experienced sharper and longer-lasting declines than fathers, and participation rates for Black mothers and Hispanic mothers were among the most affected.
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Watch FOMC Rewind: What the Fed’s April 2021 Decision Means for You
How does the Fed’s April decision affect you? FOMC Rewind breaks it down.
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PPP Boosts 2020 Bank Profits, but Impacts Loan Growth in Q4
The Supervision + Credit team’s quarterly First Glance 12L report shows that Paycheck Protection Program loan forgiveness boosted quarterly bank profits but eroded loan growth in 2020’s 4th quarter.
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What We Learned about Residential Instability in the Bay Area
Using data on mobility from the Federal Reserve Bank of New York’s Consumer Credit Panel/Equifax Data, we examined the moves of individuals in the San Francisco Bay Area from 2002–2018 to better understand moving patterns by socioeconomic status. Here’s what we found.
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Celebrating Nowruz a la COVID-19
The ancient holiday of Nowruz begins at the stroke of the vernal equinox, marking the beginning of spring. The thirteen-day festival celebrates the rebirth of nature and includes renewing relationships with family and friends and lots of good food. Assistant Manager, Business Operations Mana Shahvaran-Jam shares how her family prepared for this year’s Nowruz, along with her recipe for nan-e nokhodchi (chickpea cookies).